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How much is the net income under the absorption costing

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Reference no: EM133073499

Question - Dilawan Company produced 8,000 units in 200C and sold 6,000 units at P 30 per unit. There was no beginning inventory.

The following actual costs were incurred:

Direct materials P40,000

Direct labor 25,000

Variable overhead 36,000

Fixed overhead 24,000

Variable expenses 16,000

Fixed expenses 20,000

Required -

1. How much is the profit difference between the absorption costing and variable costing methods?

2. How much is the net income under the absorption costing method?

3. How much is the net income under the variable costing method?

Reference no: EM133073499

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